Chris Andersen

1:18pm: The Hornets issued a press release confirming their acquisition of Andersen, and announcing that they’ve already waived the injured center.

11:18am: The second-round pick Cleveland gets in the deal is top-55 protected for 2017, a league source tells Dave McMenamin of ESPN.com (Twitter link). Based on the Hornets’ current record, there’s virtually zero chance of that pick changing hands, as expected.

11:04am: The Cavaliers have opened up a spot on their 15-man roster by making a trade with the Hornets, the team announced today in a press release. According to the Cavs, Cleveland is sending injured big man Chris Andersen and cash to Charlotte in exchange for a protected second-round pick.

Although the Cavs are receiving a second-round pick in the swap, that selection will likely be a heavily-protected pick that never actually changes hands. Andersen has no value this season, since he’s out for the year with a torn ACL, so Charlotte is doing the Cavs a favor by taking him off their hands. In return, the Hornets will likely get more than enough cash to cover Andersen’s remaining salary, so they’ll come out ahead in the transaction.

While Cleveland will probably never receive that protected second-round pick, the team had been motivated to move Andersen. By sending the Birdman’s contract elsewhere, the Cavs will ensure that they don’t have to pay an extra tax charge for him at season’s end. The club is currently so far into tax territory that every dollar spent results in an extra $2.50 tax charge — that means Andersen’s $980K minimum salary would have cost more than $2.4MM in tax payments. By trading him, the Cavs reduce their tax bill and create an opportunity to add someone new to fill that newly-opened 15th roster spot in the coming days or weeks.

Cleveland had previously sent out $2.75MM in cash in a few separate trades, and teams are limited to $3.5MM in outgoing cash for the 2016/17 league year. It wouldn’t be a surprise if the Cavs sent out the rest of their available trade money ($750K) in this deal, though the specifics aren’t yet known. The Cavs will also create a modest trade exception in the swap, worth Andersen’s cap hit ($980,431). It will expire a year from today.

Charlotte, meanwhile, had an open roster spot after Ray McCallum and Mike Tobey saw their 10-day contracts expire overnight. McCallum already re-signed with the team, but Tobey hasn’t formally inked a new deal yet. The Hornets will likely waive Andersen shortly in order to make room to re-sign Tobey.

The Cavaliers have been “aggressively” exploring ways to clear the contract of Chris Andersen from their books, according to Steve Kyler of Basketball Insiders. Andersen, who is out for the season with a torn ACL, is on a minimum salary deal, but moving him would allow Cleveland to open up a roster spot and create additional savings on the team’s projected tax bill.

Although the Cavaliers have been mentioned in some intriguing trade rumors involving star players like Carmelo Anthony, Cleveland is more focused on bolstering its bench. According to Kyler, the Cavs are prioritizing adding a point guard and a big man for depth purposes.

Here are a few more items of interest from around the NBA, via Kyler’s report:

On Monday night, several reports indicated that the Sixers and Pelicans were discussing a possible swap of Jahlil Okafor for Alexis Ajinca and a 2018 first-round pick. However, a source tells Kyler that Philadelphia may not be on board with that specific framework, preferring to put Jrue Holiday in the deal rather than the future first-rounder. The two teams continue to talk, but both sides are exploring other options as well, writes Kyler.

We’ve heard in the past that the Nets are seeking two first-round picks in any Brook Lopez deal. Kyler says that the team is specifically seeking a lottery pick in 2017, plus an additional future first-rounder. It seems unlikely that any team will meet that asking price, but Brooklyn appears content to wait until at least the offseason to get serious about moving Lopez.

Kyler identifies Nikola Vucevic, Serge Ibaka, Jeff Green, and C.J. Watson as Magic players that may be on the move this month, though he notes that Orlando’s asking prices remain high. Kyler’s sources suggest that Toronto would be a favorable long-term situation for Ibaka, but there’s no indication that the big man would be willing to sign with the Raptors long-term, or that the Raps would give up “meaningful assets” for Ibaka.

Acquiring a veteran backup point guard will be the next move the Cavaliers make, but there could be others in store, Joe Vardon of the Cleveland Plain Dealer speculates in his latest mailbag column. The team doesn’t trust that rookie Kay Felder can run the offense and defend for 8-12 minutes in postseason games as Kyrie Irving‘s backup, pushing the need for a backup point to the top of the wish list, Vardon continues. The club would also like to add another big man and perhaps an additional wing player, Vardon continues. GM David Griffin could open up roster spots by dumping the contract of injured Chris Andersen and moving a bench player like Jordan McRae for a draft pick, Vardon adds.

In other developments around the Central Division:

The defending champs have lost three of the five and their stars believe practice will get them back on track, Sam Amick of USA Today writes.LeBron James expressed that sentiment during his postgame press conference in Portland andKyrie Irving echoed it as the team prepares to face the Kings on Friday. “Practice does the mind good and the body good sometimes, and I think we’re in need of it,” Irving told Amick and other reporters. “But we’re on the West Coast road trip, West Coast swing, so we’ve just got to make due with the time we have.”

Stanley Johnson andDarrun Hilliard are the only healthy wing players the Pistons have left in the wake of Kentavious Caldwell-Pope‘s shoulder injury, Aaron McMann of MLive.com reports. Caldwell-Pope was injured in the early going against the Warriors on Thursday when he crashed into Golden State centerZaza Pachulia, who was setting a screen. Caldwell-Pope will have an MRI on Friday. That leaves the Pistons with the second-year duo of Johnson and Hilliard sharing the shooting guard spot until he returns. “We have two right now,” coach Stan Van Gundy said of his two-guard situation. “I mean, two actual wings, unless we play Marcus (Morris) or Tobias (Harris) there. Yeah, we’re down in numbers right now.”

The Pacers cannot continue to pair Al Jefferson and Kevin Seraphin on their second unit because of their defensive limitations, Zach Lowe of ESPN.com details in his latest column. Opponents have outscored Indiana by about 7.5 points per 100 possessions when they’ve been on the floor together, mainly due to Seraphin’s inability to check power forwards and hedge on pick-and-rolls, Lowe continues. Adding Lavoy Allento the rotation, or ensuring that either Thaddeus Young or Myles Turnerplays alongside Jefferson, would fix the problem, Lowe adds.

What’s next for the defending champions remains to be seen. The 15-year-veteran’s minimum salary is guaranteed, so the team would have to eat it if Andersen is waived. As a result, Brian Windhorst of ESPN speculates that while the Cavs would be unlikely to outright release the Birdman for tax reasons, they could instead explore trade options. Already taking up a spot on the roster is retired veteran Mo Williams, whose contract could be dealt in a package for a suitable replacement.

In 12 games with Cleveland this season, Andersen has averaged just 2.3 points and 2.6 rebounds per game, playing more than 10 minutes only four times on the year. However, his veteran leadership and ability to match up against bulky forwards and centers will be missed.

JULY 22: The Cavaliers have officially signed Andersen, the team announced today in a press release.

JULY 15: After finalizing a trade to send Sasha Kaun to the Sixers, the Cavaliers have agreed to terms on a one-year deal with Andersen, reports Adrian Wojnarowski of The Vertical (via Twitter). It’s a minimum-salary pact, tweets Dave McMenamin of ESPN.

JULY 8: The Cavaliers are nearing an agreement with veteran NBA big man and all-around entertaining locker room presence, Chris Andersen, Chris Haynes of The Northeast Ohio Media Group relays (on Twitter). Cleveland head coach Tyronn Lue noted during an appearance on NBA TV that the team was in the process of signing Andersen.

If Andersen does indeed join the defending NBA champs, he’ll reunite with former Heat teammate LeBron James. The big man will likely be signing with the team for the veteran’s minimum, though that is merely my speculation. Andersen should provide additional depth, energy and defense off the bench for the Cavs.

Andersen was dealt to the Grizzlies during the season and appeared in 20 games for Memphis after his arrival. He averaged 4.6 points, 4.5 rebounds and 0.5 assists in 18.3 minutes per outing while shooting .548/.222/.688 from the field.

5:52pm: The Sixers intend to waive Kaun, according to Wojnarowski (via Twitter). As I noted below, Cleveland sent Philadelphia enough cash to make the move worth the 76ers’ trouble, per Wojnarowski.

5:42pm: The Sixers and Cavaliers have completed a trade, according to a press release issued by the 76ers. The deal sends center Sasha Kaun and cash considerations to Philadelphia in exchange for the rights to Chu Chu Maduabum. Adrian Wojnarowski of The Vertical tweets that the move clears the way for the Cavs to finalize their signing of Chris Andersen.

Kaun, 31, played his college ball at Kansas and was selected with the 56th overall pick in the 2008 NBA draft. However, as a draft-and-stash prospect, it took him seven years to formally join an NBA roster. Kaun agreed to a two-year contract with the Cavaliers last summer, and still has one season remaining on that deal — he’s owed $1,333,420 in 2016/17.

In his lone season in Cleveland, Kaun didn’t see much action, averaging only 3.8 minutes in 25 games. While it’s possible he’ll see a larger role with the Sixers, Philadelphia has a logjam in its frontcourt at the moment, so this looks like a salary dump for Cleveland. I imagine the Cavs are sending the Sixers more than enough money to cover Kaun’s salary.

Meanwhile, the Cavs didn’t open up any cap room by moving Kaun, since cap holds for LeBron James and others ensure the team is still well over the cap. Wojnarowski’s suggestion that the move opens the door for the club to add Andersen is probably more about clearing a roster spot, and perhaps limiting the team’s tax bill.

Former Pacers coach Frank Vogel will be part of a long list of candidates to replace Dave Joerger, according to Ronald Tillery of The Commercial Appeal. Tillery expects the Grizzlies to reach out to veteran coaches David Blatt, Brian Shaw, Mark Jackson and Jeff Van Gundy. GM Chris Wallace promised a “thoughtful and comprehensive” process, adding that there is no rush to find a replacement. He plans to consider college coaches as well as NBA assistants. “We don’t have a guy,” Wallace said. “We’ll talk to people and see how it goes. It’s not about dealing from a pre-existing category. It’s about finding the right guy. We’re very much in the preliminary stages.” Tillery writes that “reshaping” the team, which the front office didn’t believe Joerger was willing to do, will be among the responsibilities for the next coach.

There’s more out of Memphis:

Wallace’s call for stability in the organization is laughable, writes Geoff Calkins of The Commercial Appeal, pointing out that in the past four years, the Grizzlies have been through an ownership change, two GM changes and two coaching changes. Joerger had been expressing his unhappiness in subtle ways throughout the season, Calkins notes, and felt betrayed when Jeff Green and Courtney Lee were dealt away at the trade deadline. Joerger also said the roster was “old and slow” and repeatedly praised Jazz rookie Rodney Hood, whom the Grizzlies passed over in the draft. Calkins questions whether free agent point guard Mike Conley will want to re-sign with an organization that has seen so much turnover.

Many executives believe Dwight Howard‘s slumping productivity and recent history of injuries will keep him from receiving the max in free agency this summer, but the Rockets still see him as preferable to Al Horford or Ryan Anderson, according to USA Today’s Sam Amick. Howard’s agent Dan Fegan sent word to the Bucks, Hornets and Hawks, among others, that Howard isn’t anxious to take any discounts this summer, and he didn’t indicate a willingness to opt in and push back his free agency until 2017, Amick notes, which reportedly turned off the Bucks, at least, if not other suitors. Adding to the confusion before the deadline was that Howard was giving serious thought to changing agents, Amick writes. The USA Today scribe indicates that Howard’s uncertainty regarding Fegan is in the past, though that’s not entirely clear. See more from the Southwest Division:

The Grizzlies didn’t specifically target Lance Stephenson, Chris Andersen and P.J. Hairston, whom they garnered via trade before the deadline, and instead took them in merely because their contracts were a fit for the sort of draft asset collection the deals afforded Memphis, writes Chris Herrington of The Commercial Appeal. The protected 2019 first-rounder the Grizzlies received in the Stephenson trade is more likely than not to end up in another trade at some point, Herrington opines.

There’s talk that the Grizzlies will pick up Stephenson’s $9.405MM team option for next season, according to Herrington (Twitterlinks), but it’s unclear if that talk is coming from the team, and the Commercial Appeal scribe dismisses it as “irrational exuberance.”

David Lee said the Mavericks have told him rebounding will be his primary task, notes Earl K. Sneed of Mavs.com (on Twitter). Conversely, the cohesiveness of the Mavs helped sell the new signee on Dallas, as Sneed also notes (Twitter link). “You can see the chemistry from playing against [the Mavericks], and that’s something I want to be a part of,” Lee said.

“We are excited to be adding a quality veteran wing player to our roster in Courtney Lee,” Charlotte GM Rich Cho said in his team’s press release. “Courtney has proven to be a team defender, a consistent outside shooter and a solid scorer in our league for the past eight years. Particularly in terms of experience, he adds depth to our roster in a position of need for us and we expect him to fit in to our system and contribute right away.”

The Memphis-bound Hairston had started on the wing for Charlotte in place of Kidd-Gilchrist while he dealt with an earlier shoulder injury that kept him out for the season’s first few months, so presumably Lee will slide into that spot alongside soon-to-be free agent Nicolas Batum. All four players involved are on expiring contracts, with Lee’s worth $5.675MM, Anderson making $5MM, Roberts getting close to $2.854MM and Hairston seeing more than $1.201MM. The Grizzlies won’t be able to re-sign Hairston to a deal with a starting salary of more than $1,253,160 for next season because the Hornets declined the team option they had for next year on his rookie scale contract.

It’s unclear if the Heat and Kings have discussed proposals, though a Casspi-Johnson exchange would have to include more salary going from Miami to Sacramento, since Casspi’s salary of more than $2.836MM exceeds the minimum salary that Johnson has. Even the addition of Stokes’ minimum salary wouldn’t quite be enough to make a legal deal. Conversely, a trade that sends Andersen to the Kings for Casspi wouldn’t work because it would represent too much salary headed to Sacramento.

Regardless, Casspi is knocking down a career-high 42.2% of his 3-point looks this season, the first on his two-year, $5.8MM contract, so he’d no doubt help a Miami team that’s 26th in 3-pointers made. Johnson was one of the Heat’s most accurate long-range shooters before going out with injury, nailing 38.6% of his attempts. He’s a native of Mountain View, California, and he went to Fresno State, both of which are close to Sacramento. Johnson, who turns 24 in May, is set to become a restricted free agent at season’s end, but he’s subject to the Gilbert Arenas Provision, which would make it more difficult for a team to poach him in free agency.

The Heat have reportedly been trying to trade Andersen off and on for months but evidently haven’t found a trading partner. Stokes has only totaled 14 minutes at the NBA level compared to nearly 500 in the D-League since coming over from the Grizzlies in the Mario Chalmerstrade. Miami is approximately $5.5MM above the $84.74MM luxury tax threshold and faces repeat-offender tax penalties if it can’t duck under the line by the last day of the regular season, though next week’s trade deadline represents the team’s last realistic opportunity to do so.